MISY 5340 CHAPTER 3 | COMPLETE QUESTIONS AND ANSWERS | 2025/2026 LATEST UPDATE | ALREADY GRADED A+

MISY 5340 CHAPTER 3 | COMPLETE QUESTIONS AND ANSWERS | 2025/2026 LATEST UPDATE |
ALREADY GRADED A+



Reporting in financial accounting is broadly divided into which of the following two catagories?

A. Posting good issues

B. Displaying account information

C. Generating financial statements

D. Recording transaction

E. Automatic posting of accounts B

C



From which of the following can financial statements be generated?

A. Operative chart of accounts

B. Country-specific chart of accounts

C. Revenue Accounts

D. Assets

E. Liability accounts A

B



What is true about a business area?

A. It is an internal division of an enterprise

B. It helps managment monitor performance

C. It is used for external reporting

D. It is associated with one company code. A

B

C

, Which of the following are types of accounts?

A. Operative COA

B. Country specific COA

C. Active COA

D. Group COA A

B

D



What does the COA data include?

A. Client segment

B. Storage location segment

C. Plant Segment

D. Company code segment A

D



The COA segment of the COA data includes which of the following.

A. Accounting Currency

B. Account Number

C. Account Group

D. Short Text B

C



Which of the following does the balance sheet include?

A. Revenue

B. Expenses